CITTA to Advise Andalusian Textile Companies

The Textile Technology Centre of Andalusia (El Centro Tecnológico del Textil de Andalucia or CITTA) has launched a new business advisory service for companies to help them improve their commercial position. Andalusia is the most populous and the second largest in area of the autonomous communities of Spain.

Under the new service, CITTA will prepare a comprehensive report about the position of the textile companies in the market and guide these companies to attune their production with customer demand, and thus enhance their efficiency.

The Innovation and Development Agency of Andalusia (IDEA) will be funding the project, which emanated from the need to set up a management model that works in the constantly evolving and changing textile market.

For more details please visit: CITTA to Advise Andalusian Textile Companies @ Fibre2fashion

‘Bhilwara textile industry needs to adopt sustainable means’– Mr Sharma, RSWM

Another interesting presentation at the recently concluded ‘International Conference on Manmade Fibre Textiles’ came from Mr Ajay Sharma who is GM (New Product Development) - RSWM Ltd, a division of the LNJ Bhilwara Group.

It is said that the very first manufacturing of blended polyester/viscose yarn in India was begun by the erstwhile Rajasthan Spinning and Weaving Mills Ltd (RSWM Ltd) in the renowned manmade fibre textile hub of Bhilwara.

He put up a strong presentation on the challenges faced by the cotton fibre textile industry and as to why synthetic textiles have better growth opportunity over cotton textiles.

He said, “India is the third-largest cotton producer in the world. Area of cotton cultivation is significantly larger than any other country in the world accounting for about 25 percent of global cotton area, but average yields are the lowest among the top-10 global cotton producers.

For more details please visit : ‘Bhilwara textile industry needs to adopt sustainable means’– Mr Sharma, RSWM @ Fibre2fashion

Lenzing Sees Good Development In First Nine Months

In the first nine months of 2011, the Lenzing Group succeeded in significantly improving all relevant indicators in comparison to the previous year, and is thus performing in line with the expectations defined in the half-yearly report.

Consolidated sales in the first nine months of 2011 climbed 23.9% year-on-year, from EUR 1,285.5 mill. to EUR 1,592.2 mill. A total of 3.5 percentage points of this increase can be attributed to the higher fiber shipment volumes, whereas 13.6 percentage points are the result of the higher average fiber selling prices. Growth in other business areas as well as the full consolidation of the Paskov pulp plant over three quarters also contributed to the rise in consolidated sales.

EBITDA in the first three quarters of 2011 improved by 55.3% to EUR 362.9 mill. from the prior-year level of EUR 233.6 mill. This corresponds to an EBITDA margin of 22.8% (Q1-3 2010: 18.2%). The operating profit (EBIT) in the first nine months of 2011 was up 71.6% to EUR 289.7 milll. (Q1-3 2010: EUR 168.8 mill.), equivalent to an EBIT margin of 18.2% (Q1-3 2010: 13.1%). The profit for the period climbed to EUR 217.9 mill. from EUR 122.8 mill. in the previous year, an increase of 77.5%.

“Following the outstanding second quarter, the market for standard viscose fibers weakened as expected in the third quarter. Nevertheless, we were able to post third-quarter earnings which matched the very good first quarter of 2011“, says Lenzing CEO Peter Untersperger. “This was primarily due to the quantitatively higher share of the specialty fibers Lenzing Modal and TENCEL along with their stable price development. New record shipment volumes were achieved with Lenzing Modal“.

For more deetails please visit : Lenzing Sees Good Development In First Nine Months @ Fibre2Fashion